Rural and Urban Differences in Household Wealth Accumulation: What Role Do Demographics, Wages and Property Values Play?

Alexander Marré

No 170473, 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota from Agricultural and Applied Economics Association

Abstract: Building on recent literature on rural wealth creation, this paper explores the dynamics of household net worth accumulation for residents in metro, nonmetro, and nonmetro-nonadjacent areas and seeks the drivers of differences in rural and urban household wealth and wealth accumulation. Using data from the Panel Study of Income Dynamics (PSID), regressions of net worth -- including financial capital, home equity, net value of farm and business assets and other property -- are estimated for a sample of households between 1999 and 2009. The results show that nonmetro and nonadjacent effects on household net worth are explained partly by differences in demographic composition, wages and property values.

Keywords: Community/Rural/Urban; Development (search for similar items in EconPapers)
Pages: 21
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea14:170473

DOI: 10.22004/ag.econ.170473

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